China's Lenovo Group Ltd. won clearance from a U.S. national security oversight committee to acquire IBM's personal computer business, the companies said on Wednesday.
“We were able to get unanimous agreement from the members of the committee,” Stephen Ward, the general manager of IBM’s Personal Systems Division, said in a telephone interview. Ward is to become chief executive of Lenovo, which is headquartered in Beijing, once the deal closes.
The merger of the IBM PC business with China’s biggest PC maker
